The Cashless Society: Do the Benefits Justify the Potential Harm?
Even though cash payments have been slashed in half over the past decade, many worry that the complete elimination of cash could harm the unbanked and underbanked. Are these concerns actually valid? And what do critics say about going cashless?
In this report, SRM addresses the implications of a cashless world by highlighting the following points:
- Four reasons some media outlets suggest hitting the pause button on the journey to a completely cashless society;
- The use that cash has served and whether or not it would be missed;
- Advantages of going cashless and how some societies are making the transition.